- Mayfair Gold (MFG) is advancing the carbon-neutral Fenn-Gib Gold Project
- 30,000 meters of the Phase 4 infill and expansion drill program have started
- Advanced metallurgical testing is continuing
- There is also a resource update scheduled for Q2 2023
- Mayfair Gold (MFG) is up 8.72 per cent, trading at C$1.62 at 11:38 pm EST
Mayfair Gold (MFG) reported that resource drilling has started up again at the Fenn-Gib gold project in the Timmins region of Ontario.
Mayfair Gold completed around 109,000 meters of infill and expansion drilling in 166 holes up to the end of 2022; this drilling also intersected gold in every hole.
With gold mineralization remaining open in most directions, a 30,000 m Phase 4 drill program supported by three drill rigs is planned for H1 2023.
These numbers take the global resource drill program to 140,000 m.
Mayfair’s President and CEO Patrick Evans said, “The focus of the Phase 4 drill campaign is in three areas: defining the continuity of the higher grade open-pitiable gold mineralization present at the east of the Fenn-Gib deposit.”
The company is also planning a further resource update in Q2 2023, which will be based on assay results from the Phase 1 to 3 drill programs.
Subject to continuing success with the Phase 4 drill campaign, a further resource update is expected in Q3 2023.
Mayfair Gold is also pleased to report that advanced metallurgical testing is continuing through SGS Mineral Services.
In late 2022, SGS conducted flotation rate kinetic tests at varying coarser flotation feed sizes. In early 2023, the company undertook concentrate cyanidation tests at varying concentrate regrind sizes to optimize overall recovery from a flotation-cyanidation alternative.
The results of these tests will be released during the current quarter.
In the near future, the company is planning to commission a pre-feasibility study during the current quarter.
Proposals from a number of engineering consultants are currently under review, with a decision to be released.
According to Mayfair, the climate is top of mind. Evans added, “Climate change presents a significant risk to all industries. Although the mining industry is a relatively small emitter of greenhouse gases, pressure continues to grow for all mining companies to both measure and report their carbon emissions and also offset those emissions.”
“Mayfair’s vision is to develop Fenn-Gib as Canada’s first carbon-neutral gold mine. This will be a key focus of the pre-feasibility study due to commence this quarter, concluded Evans.”
Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100 per cent controlled Fenn-Gib gold project in the Timmins region of Northern Ontario.
Mayfair Gold (MFG) is up 8.72 per cent, trading at C$1.62 at 11:38 pm EST.